Avvir Inc, a New York, NY-based provider of an automated construction platform for monitoring and building digitization, raised $2.5m in seed funding.
The round was led by Khosla Ventures Partner Evan Moore with participation from Metaprop and Localglobe.
The company intends to use the funds to scale its engineering team, its sales in the U.S. and abroad, and expand the current offerings.
The Avvir team will be building out an offering in the facility management space, improving its existing algorithms with respect to both accuracy and turnaround time, and building out a progress monitoring tool that can automatically update construction schedules.
Led by Raffi Holzer, CEO and Co-Founder, Avvir provides an automated construction platform for monitoring and building digitization. The company is advancing a system of record that connects building plans to built reality and syncs them automatically, obviating the need for manual data entry.
The platform leverages computer vision algorithms to compare laser scans and photographs captured onsite to a building information model (BIM) and then automatically update it, effectively creating a digital twin of the site. This digital twin can be used for construction monitoring purposes during the construction project and as a platform for building management once construction is complete.
Avvir is currently in pilot with some of the largest companies in the world including Facebook, ExxonMobil, and Goldman Sachs, as well as municipalities like the NYC EDC.